Haryana Chief Minister Nayab Singh Saini has assured strict action and full recovery of public funds following the exposure of a suspected ₹590-crore fraud linked to government accounts maintained in a private bank. The case, which has triggered political and administrative concern, reportedly involves financial irregularities that diverted large sums from official accounts, prompting immediate scrutiny by authorities.
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Nayab Singh Saini Vows Strict Action in ₹590-Crore IDFC Fraud Case
According to preliminary information, the alleged fraud is connected to transactions routed through accounts associated with IDFC FIRST Bank. State officials have initiated an investigation to determine how such a substantial amount could be siphoned off and whether procedural lapses or collusion enabled the suspected misappropriation. The Chief Minister stated that every paisa involved would be recovered and that those responsible—whether officials or external actors—would face legal consequences.
Senior administrative and finance department officials
Senior administrative and finance department officials have been directed to submit detailed reports on account operations, transaction trails, and oversight mechanisms. The government is also examining internal safeguards to identify gaps that may have allowed the alleged fraud to occur. Sources indicate that multiple agencies could be involved in the probe if evidence suggests a wider conspiracy or cross-state financial links.
The development has intensified political debate, with opposition parties demanding transparency and accountability, while the ruling administration has emphasized its zero-tolerance stance on corruption. Analysts note that cases involving public funds tend to attract heightened scrutiny because they directly impact welfare programs and development spending.
Officials maintain that the priority is to secure funds, protect beneficiaries, and restore confidence in financial governance systems. As investigations continue, the case is expected to remain under close watch across Haryana, with further disclosures likely once audit findings and forensic financial analyses are completed.
